A Better Jobs Number is Going to Be Bad for the Market

By Forrest Lowell

Sticking with my theory that bad jobs numbers are good for the market, I am setting up for a decent jobs number that will send the market down. When hopes are high there can only be disappointment. The good news was put into the market today and I really think all there is bad news to come on Friday. If the jobs number is worse than expected then I think there could be significant profit taking and a large down turn in the market. Now that the rally is nearing in on 8 weeks I think there is also significant pressure on market for a sizable correction and perhaps Friday is the start of it.

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